International Trade Price Indexes, Australia

The main contributors to the rise were:

• Gas, natural and manufactured (+28.6%), driven by a rise in petroleum gases, as oil indexed contracts followed the rise in high crude oil prices observed in the June quarter 2026.
• Coal, coke and briquettes (+4.8%), driven by rising metallurgical coal prices, reflecting constrained supply as Chinese mines faced safety inspections and restricted production quotas. 
• Cereals and cereal preparations (+5.7%), after wheat and barley prices came under pressure from disrupted production and trade flows in Ukraine and Russia. 

The main offsetting contributors were:

• Metalliferous ores and metal scrap (-6.4%), weighed down by stronger export volumes from Australia and Brazil. Additionally, weaker Chinese construction activity continued to weigh on steel production, limiting the demand for iron ore.
• Gold, non-monetary (-4.8%), as tighter monetary policy enhanced the appeal of interest-bearing investments, reducing the demand for gold. 

Through the year, the Export Price Index rose 6.3%. The main contributors were:

• Coal, coke and briquettes (+20.5%), and
• Gas, natural and manufactured (+15.7%).

The main offsetting annual contributor was:

• Metalliferous ores and metal scrap (-10.0%). 

The main contributors to the rise were: 

• Petroleum & related products (-8.7%), due to improving global supply conditions after a gradual reopening of the Strait of Hormuz, dropping oil prices.
• Fertilisers (excluding crude) (-20.2%), driven by lower urea and potassium chloride prices, supported by the resumption of Chinese exports and the easing of shipping disruptions through the Strait of Hormuz.
• Gold, non-monetary (-5.0%), driven by tight monetary policy and elevated interest rates which reduced the demand for gold.

The main offsetting contributors were: 

• Office and A.D.P machines (+7.3%), driven by strong global demand for equipment associated with data centres, cloud computing and AI-related hardware, coupled with elevated manufacturing and supply chain costs. 
• Telecommunications equipment (+4.1%), driven by strong demand for high-performance communications devices and higher component costs lifting import prices.

Through the year the Import Price Index rose +5.5%. The main contributors were: 

• Petroleum and related products (+48.0), and
• Gold, non-monetary (+14.4%).

The main offsetting annual contributor was:

• Telecommunications equipment (-4.9%).

Import Price Index

Export Price Index

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The Import Price Index and the Export Price Index have been reweighted for the September quarter 2026. These indexes are annually reweighted each September quarter, using import and export values. A detailed explanation of the reweighting methodology and data sources are available in the Methodology, under the heading Items and weights. The new weighting patterns are provided in the Appendix of this issue. As a consequence of the annual reweighting, the points contribution data for the June quarter 2026 shown in Tables 2, 8 and 17 have been updated from those published in the previous issue of this publication.